Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/57429
Citations | ||
Scopus | Web of ScienceĀ® | Altmetric |
---|---|---|
?
|
?
|
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Pomfret, R. | - |
dc.date.issued | 2010 | - |
dc.identifier.citation | Economic Systems, 2010; 34(1):22-37 | - |
dc.identifier.issn | 0939-3625 | - |
dc.identifier.uri | http://hdl.handle.net/2440/57429 | - |
dc.description.abstract | Financial sector innovation and development since the 1970s contributed to global prosperity, but increased the probability of bank failures. The post-2007 financial crisis was one of many crises with idiosyncratic catalysts but common underlying causes. Public policies, such as deposit insurance, with moral hazard implications increased the likelihood of crises, and cheap money exacerbated the situation by encouraging highly leveraged investments. The policy challenge is to address moral hazard without repressing the financial sector. This is not the end of capitalism, but a reminder of the difficulty in policing the financial sector which is at the heart of capitalist economies. | - |
dc.description.statementofresponsibility | Richard Pomfret | - |
dc.language.iso | en | - |
dc.publisher | Elsevier BV, North Holland | - |
dc.source.uri | http://dx.doi.org/10.1016/j.ecosys.2009.11.001 | - |
dc.subject | Financial development | - |
dc.subject | Moral hazard | - |
dc.title | The financial sector and the future of capitalism | - |
dc.type | Journal article | - |
dc.identifier.doi | 10.1016/j.ecosys.2009.11.001 | - |
pubs.publication-status | Published | - |
dc.identifier.orcid | Pomfret, R. [0000-0002-1950-5856] | - |
Appears in Collections: | Aurora harvest 5 Economics publications |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.